On November 8, addresses affiliated with the collapsed FTX and Alameda moved crypto valued at $50.5 million to various exchanges, according to Lookonchain analysts.
UPDATE:#FTX transferred ~$39.7M assets today, including:
750K $SOL($32M)
325,301 $ENS($2.76M)
10.1M $GMT($2.2M)
642,702 $LDO($1.26M)
288,212 $APE($410K)
127,418 $BADGER($365K)
555,342 $BNT($323K)
52 $PAXG($100K)As of Nov 8, #FTX has transferred ~$316M assets.… pic.twitter.com/XeSAseMBR0
— Lookonchain (@lookonchain) November 8, 2023
The entities moved eight assets:
- 750,000 SOL ($31.2 million);
- 325,501 ENS ($2.76 million);
- 10.1M GMT ($2.22 million);
- 642,702 LDO ($1.26 million);
- 288,211 APE ($410,000);
- 127,407 BADGER ($365,000);
- 555,342 BNT ($323,000);
- 52 PAXG ($100,000).
Later, FTX additionally sent 250,000 SOL ($10.83 million) to Binance, according to Spot On Chain.
? Note that #FTX further deposited 250K $SOL ($10.83M) to #Binance at $43.32 ~2hrs ago.
So far, #FTX has deposited 5.74M $SOL (~$223M) to exchanges and only holds 1.25M $SOL ($54.5M) left.
? More details: https://t.co/vzYO4MKIrB
Need the beta code? Join our Discord to get… https://t.co/xIzskLrSzS pic.twitter.com/Jyn0oVMRIi
— Spot On Chain (@spotonchain) November 8, 2023
Movements of funds were observed earlier in November.
?? [Updated] #FTX deposited 1.21M $SOL ($48.6M) and 1,583 $ETH ($3M) to #Binance and #Kraken in the past 20 hours.
In total, #FTX and #Alameda have transferred a total of $310M worth of 31 tokens to exchanges since Oct 24 (13 days ago).
? More details:… https://t.co/qdIDatz0UD pic.twitter.com/38SgNeLbUj
— Spot On Chain (@spotonchain) November 6, 2023
Movements of funds were observed earlier in November.
Overall, from 24 October to 8 November FTX and Alameda Research moved 36 assets worth $350 million, according to Spot On Chain.
Earlier, on September 13 the court approved the plan to sell FTX’s digital assets to satisfy creditors’ claims.
Under the order, the exchange must liquidate tokens worth no more than $100 million per week per position. However, with the approval of the special committee, the limit may be increased to $200 million both on a one-off and ongoing basis.
By mid-2024, the exchange’s clients may receive payments on claims in the amount of $9.2 billion.
Earlier in September, wallets linked to FTX and Alameda transferred $20 million to Binance and Coinbase.